Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$558,235$526,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,791$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$3,593.25$3,616.69
2nd payment$0.00$0.00
Taxes / mo$537.67$537.67
Insurance / mo$166.67$166.67
MI / mo$0.00$105.30
HOA / mo$0.00$0.00
Total monthly$4,297.58$4,426.32
Cash to close$26,765$58,500